Lumen Technologies, Inc. (NYSE:LUMN) Shares Sold by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. trimmed its position in Lumen Technologies, Inc. (NYSE:LUMN) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 313,484 shares of the technology company’s stock after selling 5,322 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Lumen Technologies were worth $1,665,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in shares of Lumen Technologies in the second quarter worth about $25,000. Concord Wealth Partners lifted its stake in Lumen Technologies by 98.8% in the 3rd quarter. Concord Wealth Partners now owns 4,008 shares of the technology company’s stock valued at $28,000 after buying an additional 1,992 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of Lumen Technologies in the third quarter worth approximately $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Lumen Technologies during the third quarter worth $36,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Lumen Technologies during the third quarter worth about $46,000. Hedge funds and other institutional investors own 66.19% of the company’s stock.

Analyst Upgrades and Downgrades

LUMN has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of Lumen Technologies from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. TD Cowen lowered their price target on shares of Lumen Technologies from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Citigroup increased their price objective on Lumen Technologies from $6.50 to $8.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.25 target price on shares of Lumen Technologies in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.66.

Lumen Technologies Stock Down 2.4 %

Shares of LUMN opened at $4.60 on Tuesday. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.20 and a current ratio of 1.21. Lumen Technologies, Inc. has a 1 year low of $0.97 and a 1 year high of $10.33. The stock has a market capitalization of $4.66 billion, a PE ratio of -91.88 and a beta of 1.28. The company’s 50-day simple moving average is $5.47 and its 200-day simple moving average is $6.17.

Lumen Technologies (NYSE:LUMN) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.14. Lumen Technologies had a negative return on equity of 46.17% and a negative net margin of 0.42%. Analysts forecast that Lumen Technologies, Inc. will post -0.79 earnings per share for the current fiscal year.

Lumen Technologies Company Profile

Lumen Technologies, Inc, a facilities-based technology and communications company, provides various integrated products and services to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers dark fiber, edge cloud services, internet protocol, managed security, software-defined wide area networks, secure access service edge, unified communications and collaboration, and optical wavelengths services; ethernet and VPN data networks services; and legacy services to manage cash flow, including time division multiplexing voice, private line, and other legacy services, as well as sells communication equipment, and IT solutions.